Silicom Ltd (NASDAQ:SILC) Short Interest Down 48.3% in December

Silicom Ltd (NASDAQ:SILC) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 3,459 shares, a decline of 48.3% from the November 30th total of 6,692 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 9,027 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 9,027 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SILC. Citadel Advisors LLC increased its holdings in shares of Silicom by 7.3% in the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock worth $292,000 after acquiring an additional 1,117 shares during the period. Bank of America Corp DE acquired a new position in shares of Silicom during the fourth quarter worth approximately $29,000. GSA Capital Partners LLP raised its stake in Silicom by 19.2% during the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after acquiring an additional 2,361 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Silicom during the 1st quarter worth $151,000. Finally, Susquehanna International Group LLP bought a new position in shares of Silicom in the third quarter worth $277,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Silicom Price Performance

SILC traded down $0.31 during trading hours on Monday, reaching $13.79. 409 shares of the stock traded hands, compared to its average volume of 19,101. Silicom has a fifty-two week low of $12.44 and a fifty-two week high of $19.36. The company has a market cap of $78.16 million, a price-to-earnings ratio of -5.92 and a beta of 1.05. The firm’s fifty day simple moving average is $15.19 and its two-hundred day simple moving average is $15.96.

Silicom (NASDAQ:SILC) last released its quarterly earnings results on Thursday, October 30th. The technology company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.13). The business had revenue of $15.61 million during the quarter, compared to analyst estimates of $15.64 million. Silicom had a negative return on equity of 10.83% and a negative net margin of 22.47%.

Analyst Ratings Changes

A number of research firms have weighed in on SILC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silicom in a research note on Monday, December 22nd. Wall Street Zen upgraded Silicom to a “hold” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

About Silicom

Silicom Ltd. is an Israel‐based provider of advanced networking infrastructure products designed to enhance data throughput, security, and functionality in enterprise, cloud, telecommunications, and edge‐computing environments. The company develops and manufactures a range of network interface cards (NICs), specialized adapters, and turnkey network appliances that support high‐performance packet processing, encryption, compression, and traffic optimization. Silicom’s solutions are engineered to offload complex network functions from central processing units, enabling customers to achieve greater efficiency, reliability, and scalability in their data centers.

Founded in 1987 and headquartered in Lod, Israel, Silicom has grown from a niche hardware developer into a global supplier of connectivity and networking solutions.